JPMorgan Chase Sued Again Over Cash 'Sweep' Program <https://www.law360.com/banking/articles/1880927?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-09-23&read_main=1&nlsidx=0&nlaidx=1>
By Sydney Price JPMorgan Chase & Co. was hit with another proposed class action in California federal court claiming the bank's cash sweep investment program funnels customer funds into low-interest bearing accounts at its affiliate Chase Bank, a move that benefits the financial giant while depriving customers of the chance to earn the market-rate interest. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1880927?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-09-23&read_more=1&nlsidx=0&nlaidx=1> | Save to favorites » <https://www.law360.com/banking/articles/1880927?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-09-23&read_later=1&nlsidx=0&nlaidx=1>
